Global music revenue dips 3.9 pct on Japan decline

Mar 18, 2014

Global music revenues fell 3.9 percent to $15 billion in 2013, pulled down by a sharp decline in compact disc sales in Japan.

Japan accounts for more than a fifth of .

But the growing popularity of free and paid streaming music services such as Pandora and Spotify are helping offset the decline of CD sales. The International Federation of the Phonographic Industry, a , said Tuesday that digital music revenue grew 4.3 percent to $5.9 billion in 2013.

The IFPI says rising demand for subscription services contributed to a shift away from piracy. The number of paying subscribers rose 40 percent last year to 28 million.

Explore further: Apple promotes tech guru Jonathan Ive as head of design

Related Stories

Flat year for US music industry, survey says

Mar 27, 2013

US music industry sales held nearly steady in 2012 as gains from digital subscription services offset further declines in physical disc sales, an industry survey showed Wednesday.

US home video spending posts second year of growth

Jan 07, 2014

U.S. home video spending rose nearly 1 percent to $18.2 billion in 2013, the second straight year of growth as higher spending on video streaming subscriptions and digital purchases offset the decline in DVDs.

Swedish music sales 'boosted by Spotify'

Jan 18, 2013

Music sales in Sweden rose last year thanks to the growing popularity of music streaming service Spotify, the country's music industry body said, offering hope to a sector battered by file-sharing.

Home video spending in US falls 2 percent in 2011

Jan 10, 2012

(AP) -- Home video spending in the U.S. fell 2 percent to about $18 billion in 2011. A surge in the popularity of movie streaming services like Netflix Inc. and gains in Blu-ray disc sales helped offset some of the drop ...

Recommended for you

Yik Yak's frat-bro founders shrug off growing pains

14 hours ago

The most popular post of all time on Yik Yak is a dirty joke. Less than 2 years old, the Atlanta-based social network is geared mostly toward college students who access and post unsigned announcements through an app on their ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.